Replies to post #137175 on Sino Agro Food Inc (fka SIAF)

[ks1977]

That makes it even worse! It contradicts what is written in the admission document for Merkur...

Further, in accordance with the employment agreement between the Company and Mr. Solomon Lee (CEO and
chairman of the Company's Board of Directors), Mr. Lee is entitled to annually receive 33,939 Common Shares in the
Company. The entitlement lasts for the duration of the employment agreement, which was entered into on 29 December
2014 and has a term of three years.

And;

The employment agreements also provides for Mr. Solomon Lee, Mr. Peter Tan Paoy Teik and Mr.
Michael Chen Bor Hann, respectively, to be eligible to participate in any incentive compensation plan established by the
Company. However, no such plan has been established.

BTW, here's the explanation for what the restricted shares are;

The Board of Directors has not established a stock option plan. However, Sino Agro Food's current policy is to provide
an incentive to its senior executives by allocating shares as a proportion of their base salary when they achieve certain
results in their performance. Such allocations have been in the form of restricted shares.

Another interesting thing;

The Company has issued several promissory notes to unrelated third parties for advances granted by third parties
collectively to Sino Agro Food. These promissory notes are personally guaranteed by Mr. Solomon Lee, and are
repayable within two years at interest free term. The promissory notes may be repaid either by cash or in shares of the
Company or a combination thereof. If shares settled debt amounts, the respective share conversion rates will be
determined by both parties at the time of settlement. As of 30 September 2015, the Company has USD 3,100,000
outstanding in such promissory notes

Is this what is hitting us now?

[ks1977]

So what we have is a $/PPS before we rally, then he changes it into a fixed number of shares when the PPS increases, only to change it back when the PPS plummets?